A significant portion of the former ORIX site is latest stake in Northern Surfers Paradise urban renewal plans. 9-17 Cypress Avenue landholding for sale by CBRE’s Mark Witheriff, Daniel Doran and John Nucifora. 

The site has exposure via two frontages to the Gold Coast Highway and Cypress Avenue. It’s position between Main Beach and the well-known Cavill Avenue strip provides access to a variety of restaurants and entertainment options.

The RD8 zoning for the 2,416sqm site, which is an amalgamation of five separate lots, allows for the development of one bedroom per 13sqm of site area.

CBRE’s Mark Witheriff, Daniel Doran and John Nucifora have been appointed to manage the Expressions of Interest campaign, which closes on October 7, 2021.

Mr Doran said, “Given the significant nearby residential projects already being undertaken, including the Gurner Budds Beach project, Gordon & SPG Land development and Meriton’s second beachfront tower, the Cypress Avenue site will allow an incoming developer to capitalise on the momentum in the area’s residential market as the drive towards coastal living continues.”

Mr Witheriff added, “The significant investment into the northern Surfers Paradise and Budds Beach area, including new retail and commercial amenity, presents an opportunity for developers to participate in the area’s ongoing urban renewal. The Gold Coast has one of the nation’s lowest residential vacancy rates and there is currently a surge in demand that is outpacing the supply of new dwellings.”

The property’s beachside location is close to the Gold Coast Light Rail system which provides access to Burleigh and the Gold Coast Airport, Main Beach, the Tedder Avenue shopping strip, Griffith University, Gold Coast University Hospital and Helensvale Station. 

To request a copy of the Information Memorandum please contact one of the marketing agents CBRE’s Mark Witheriff, Daniel Doran or John Nucifora via the contact details below.